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January 09,2025

South Africa: Tax deductions on EV manufacturing could attract $27 billion investment from Chinese OEMs

South Africa announced that companies that invest in the production of electric vehicles (EVs) in the country would be able to claim a 150% tax deduction on these investments, beginning in 2026. The country aims to attract EV manufacturing and incentivize its EV and hydrogen industries, which are relatively small and underdeveloped

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